Gate News Bot Message, February 05: According to CoinMarketCap data, at the time of press, SYN (Synapse) is trading at $0.08, up 7.22% in the past 24 hours, with a high of $0.14 and a low of $0.06. The 24-hour trading volume reached $43 million. The current market capitalization is approximately $15.2 million, an increase of $1.02 million from yesterday. Synapse is the most widely used, scalable, and secure cross-chain communication network. The platform offers features such as Bridge, Swap, Pools, and Stake, supporting users in cross-chain asset transfers. Additionally, Synapse Protocol has recently launched the Hypercall product, further expanding its ecosystem applications. ## Important recent news about SYN: 1️⃣ **Ecosystem product creation**

Gate News Bot Message, January 29th, according to CoinMarketCap data, as of press time, SYN (Synapse) is currently trading at $0.06, up 25.46% in the past 24 hours, with a high of $0.07 and a low of $0.05. The 24-hour trading volume reached $23.9 million. The current market cap is approximately $11.9 million, an increase of $2.42 million compared to yesterday. Synapse is the most widely used, highly scalable, and secure cross-chain communication network. The protocol offers multiple features such as Bridge, Swap, Pools, and Stake. Users can obtain routing quotes and connect their wallets through the Bridge panel to submit transactions, enabling cross-chain asset transfers. Recently, Synapse also launched its latest product, Hypercall, further expanding its ecosystem applications.

Singapore Exchange President Michael Sin stated that cryptocurrency perpetual futures have been popular since their launch, representing new liquidity rather than cash transfers. He emphasized that the goal is to establish BTC/ETH contracts as the benchmark contracts for the Asian trading session.

Gate News bot message, according to the Gate announcement on October 30, 2025 Gate will delist 9 perpetual contract trading markets on October 30, 2025, at 16:00 ( UTC+8, including RHEA/USDT, SCA/USDT, REX/USDT, MAJOR/USDT, SWEAT/USDT, GORK/USDT, ELX/USDT, K/USDT, and SYN/USDT. The contract markets will enter a reduction-only mode on the same day at 15:30 ) UTC+8 and will completely stop trading at 16:00 ( UTC+8. The platform will settle and clear open positions based on the average index price in the last half hour before going offline.

Gate News bot message, according to the official announcement from Gate on September 2, 2025: Gate's collateral borrowing service has added 8 new collateralizable assets, including FUEL(Fuel Network), SYN(Synapse), PUMP(Pump.Fun), BAKE(Bakery), HYPE(Hyperliquid), MOODENG(Moo Deng), PROVE(Succinct), and ZORA(Zora). The platform's collateralized borrowing service currently supports over 800 types of borrowable assets. Users can use the borrowed funds for spot trading, contracts, leverage trading, as well as investment and financial products, and participate in mining projects such as ETH 2.0. It also supports withdrawals to external platforms.

Gate News bot news, according to the Gate announcement on August 26, 2025: Gate Unified Account has added a batch of tokens available as collateral, including ZORA, PROVE, PUMP, HYPE, MOODENG, FUEL, SYN, and BAKE. These new tokens will adopt a tiered discount rate system, setting different discount rates according to different quantity ranges. Among them, the maximum discount rates for PUMP, HYPE, and MOODENG are 0.85, PROVE is 0.80, ZORA is 0.75, BAKE is 0.60, and FUEL and SYN are 0.50. The specific discount rates for each token decrease progressively as the amount staked increases.

Gate News Bot News, August 5th, according to CoinMarketCap, as of the time of writing, SYN (Synapse) is currently priced at 0.15 USD, with a rise of 22.36% in the last 24 hours, reaching a maximum of 0.16 USD and a minimum drop to 0.11 USD. The current market capitalization is approximately 275,000 USD, an increase of about 50,400 USD compared to yesterday. SYN recent important news: 1️⃣ **Large liquidity providers selling SYN causes price fluctuations** Recently, a major SYN liquidity provider has sold off a large amount of its held tokens, resulting in a significant drop in the price of SYN. This event has raised concerns in the market regarding the liquidity stability of SYN, while also presenting a buying opportunity for short-term investors. 2️⃣ **Futures market expansion drives SYN price rise** Gate exchange

Gate News Bot news, July 23, according to CoinMarketCap data, as of the time of writing, SYN (Synapse) is currently priced at 0.19 USD, rising 40.30% in the last 24 hours, reaching a high of 0.22 USD and a low of 0.12 USD, with a 24-hour volume of 128 million USD. The current market capitalization is approximately 34.22 million USD, an increase of 9.83 million USD compared to yesterday. Synapse is the most widely used, scalable, and secure cross-chain communication network. The protocol offers functions such as bridging, swapping, liquidity pools, and staking. Users can obtain routing quotes through the Bridge panel and connect their wallets when ready to submit a transaction. Developers can access its documentation and GitHub repository for more information. Important news about SYN recently: 1️⃣